Tech

China's emerging e-commerce platform Pinduoduo will be rooted in China's cosmetic industry in the next two years, cultivating 50 new cosmetic brands with annual sales of more than RMB 100 million, of which 10 with annual sales of more than RMB 1 billion, said Chen Qiu, vice president of Pinduoduo.

CLSA reiterated its "buy" recommendation on Hong Kong-traded BYD Company Limited (01211.HK) in a recent report, raising the target price by 45% from HK$131 to HK$190, which is 9.38% higher than the company's closing price on Monday.

Alibaba on November 2 announced the launch of the Central China headquarters project in Wuhan, Hubei province, and the park is expected to be completed in 2026.

Baidu today announced the flagship edition of its Baidu Cloud Phone for personal users, featuring an ARM quad-core processor, 4GB of RAM and 32GB of storage.

Despite sanctions by the US government, Huawei shipped 4.9 million units of tables in the third quarter of 2020, up 32.9 percent year-on-year, according to a recent IDC report.

BYD has always been full of confidence in the development of China's domestic core technology, its founder Wang Chuanfu said recently that "chips are man-made, not God-made".

On October 31, China's National Supercomputing Center in Zhengzhou successfully passed the inspection and acceptance by experts organized by the Ministry of Science and Technology (MOST).

In October, DRAM and NAND prices suffered a collective plunge. Analysts believe that this is due to the US sanctions against Huawei, which exacerbated the decline in prices in the memory chip market.

A Huawei executive mentioned having invested $20 billion in chips and related areas, Aicaijing.com quoted a partner who visited Huawei recently as saying.

China's smartphone market continued to contract in the third quarter of this year, with shipments down 14 percent year-on-year, market research firm Counterpoint said in a report on October 29.